R2,950,000
Monthly Bond Repayment R31,969.36
Calculated over 20 years at 11.75% with no deposit.
Change Assumptions
R3,272
INVESTMENT DREAM ... 2.5ha Smallholding in Mnandi
PRICED TO SELL!!!!!! ONCE IN A LIFETIME OPPORTUNITY!!!!
Smallholding with income potential to pay back a cash investment in less than 8 years
This smallholding is already operating as 4 logically divided sections:
Main dwelling with 2 flatlets
Primary School
Storage area
Vacant area with foundations ready to build
The main dwelling is a 3 bedroom 2 bathroom typical farmhouse. The kitchen is a large room with an equally large scullery area, with more than enough cupboard space and waterpoints and outlets for 4 laundry appliances. Two bedrooms with built-in cupboards shares a common full bathroom. The main bedroom is located away from the other two bedrooms have an ensuite bathroom with an enclosed jacuzzi style bath. The open plan dining area and lounge leads onto an enclosed patio (stoep) overlooking the garden with many and varied fruit trees. A solar geyser assists with keeping electricity costs low and prepaid electricity meters are installed for the 2 flatlet and house.
At the back of the house is the entrance to the double garage which has an access door straight into the house. Attached to the house is a beautiful 2 bedroom flatlet with own private pet-friendly garden. The flatlet comes with a lovely kitchenette with granite topped cupboards open plan with a well-sized lounge. The bathroom has a shower, basin and toilet. Ideal for a couple or beginner family. Slightly away from the house a bachelor flatlet/bungalow wit an open plan room with kitchenette and a bathroom with shower, basin and toilet. A wooden wendy house and separate storeroom provided enough storage space, together with a sturdy and large pump house.
The main dwelling and associated buildings are all enclosed with an electric fence with remote-controlled gate giving separate entrance from on side of this corner stand.
The school access is from the other street completely separate from the main dwelling. The primary school is fully registered with the DBE and is growing, providing secure income to fund the property purchase.
Storage area is currently rented by a construction company to keep some of their equipment, which provide a further income of a piece of unused land behind the school and away from the main dwelling.
A vacant section of about 1 hectare making up the actual corner of the smallholding, already have foundations laid for an extra building. This section of the property also has a separate entrance gate.
All-in-all this is any investors dream with current income generating improvements, with potential for more at a very competitive price. Make the decision quick if you do not want to loose out.
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